Crocs Inc (CROX)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 872,269 | 910,704 | 1,025,980 | 666,569 | 492,841 |
| Total current liabilities | US$ in thousands | 740,208 | 698,296 | 641,274 | 388,243 | 291,584 |
| Current ratio | 1.18 | 1.30 | 1.60 | 1.72 | 1.69 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $872,269K ÷ $740,208K
= 1.18
Crocs Inc's current ratio has shown a slight fluctuation over the past five years. As of December 31, 2020, the current ratio was 1.69, indicating that the company had $1.69 in current assets for every $1 in current liabilities. The ratio increased to 1.72 by December 31, 2021, suggesting improved liquidity. However, there was a decrease in the current ratio to 1.60 by December 31, 2022, which could raise concerns about the company's ability to meet its short-term obligations.
The current ratio further declined to 1.30 by December 31, 2023, indicating a significant decrease in liquidity. This downward trend continued as of December 31, 2024, with a current ratio of 1.18. A current ratio below 1 may signal potential liquidity issues and the need for the company to assess and manage its current assets and liabilities more efficiently.
Peer comparison
Dec 31, 2024